BreitBurn Energy Partners L.P. (the “Partnership”) (NASDAQ: BBEP) today
announced it has signed two definitive agreements to acquire oil and natural
gas properties in the Permian Basin in Texas for a combined price of $190
million, subject to customary closing conditions and purchase price
adjustments, from CrownRock, L.P. and Lynden USA Inc. The acquisitions will be
funded with borrowings under the Partnership's existing bank credit facility
and are expected to close in 2012.